Eddie Stobart Logistics has successfully completed its transformation into a stand-alone business after the acquisition of a 51% stake in the operator by private equity firm DouglasBay Capital on 10 April 2014, according to its parent company. Greenwhitestar UK (which ultimately is owned by DouglasBay Capital Fund) made the statement in newly filed accounts at Companies House, which revealed that Eddie Stobart Logistics achieved a turnover of £394.4m and a pre-tax profit of £24.4m for the period from 10 April […]
Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained. Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m – was made for the company in June. The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit. New deputy chief executive at Stobart Group, and former […]
Eddie Stobart Logistics subsidiary O’Connor Container Transport is set for further integration into the group after racking up a loss of £800,000.
Talks are due to take place between Stobart Automotive and union Unite after workers at what was formerly Autologic voted in favour of strike action.